Wednesday, July 4, 2012

Biotechnology is not just an innovative academic activity, but rather an intense industrial and commercial activity. Indian Biotechnology industry has crossed the 18,000 crores benchmark and its growing strong with almost 20 percent annual growth rate. India is already a World leader in vaccine production, biopharmaceuticals, industrial enzymes and biofuel production, bioremediation, hybrid seeds production, stem cell banking, and micropropogation commercialization, etc. The biotech market is further expected to accelerate in near future on the back of high demand for vaccines, CROs, biopesticides, biofertilizers, and biodiesel in India as well as at the global level. The Indian industry offers low cost, high quality FDA-approved products, diagnostics devices, contract manufacturing, and clinical trials services to the global markets.

Unfortunately, the supply of scientific knowledge coupled with managerial skills is not meeting the industry demand. The management talent is scarce and is often the weakest pillar in most biotechnology companies. The key to a successful career is to explore the many demanding untraditional career paths outside the routine R&D options, as many companies list the specific management positions.

This is slowly changing with the availability of biotech-oriented management programs, where the students learn how to develop and manage new ventures along with product commercialization, patenting, business development, and regulatory affairs that influences the biotechnology industry. With the growing interest in the business applications of biotechnology, this is a critical time to understand this multi-disciplinary nature of such post graduate degree program, where the students get a solid grounding in the core business disciplines in emerging bioscience industries.

3 comments:

This blog has great focus on biotechnology management and it's growing importance in today's market..Biotechnology has great promise in India.Demand and availability of bio fertilizers is expected to increase as they are inexpensive,and are formed from renewable energy resources i.e. cultivable life forms compared to chemical fertilizers that are known to harm the environment and exhaust non-renewable energy sources.Indian Council of Agricultural Research (ICAR),Indian Council of Medical Research (ICMR),Department of Science & Technology offer great support in the development of modern biology and biotechnology in India..

Heya¡­my very first comment on your site. ,I have been reading your blog for a while and thought I would completely pop in and drop a friendly note. . It is great stuff indeed. I also wanted to ask..is there a way to subscribe to your site via email?

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